301# Scalping with Envelopes

Scalping System GBP/USD Envelopes with Two moving averages

Submit By Maximo Trader 09/08/2013

 

Envelopes Technical Indicator is formed with two Moving Averages one of which is shifted upward and another one is shifted downward.

 

This Scalping System with envelopes is setting for GBP/USD 5 min time frame, Counter-trend scalper Strategy.

 

Metatrader Indicators:


EMA Period: 200
Moving Average Envelope: 0,3% of the EMA

Arrows Buy-Sell indicator.

 

Long Entry

If the price crosses and closes below the lower envelope, then buy at first buy Arrow.

Short Entry

If the price crosses and closes above the upper envelope, then sell at first sell Arrow.

Exit Position

If the price crosses and closes above the lower envelope, then exit long at market.If the price crosses and closes below the upper envelope, then exit short at market.Profit Target 12 pips; Stop Loss 15 pips.

Note: if for exit use Profit Target this is the setting: London and NewYork sessions PT=12 pips, 22:00-07:00 (GMT Berlin) PT=7 pips.

Also if the ratio of this Scalping System GBP /USD: is <1, this strategy is profitable.

 


 

In the pictures below Scalping System GBP/USD Envelopes with Two moving averages in action.

Envelopes

Envelopes Forex indicator
Envelopes
Envelopes.rar
compressed file archive 912 Bytes

Arrow Buy-Sell

Arrow Buy-Sell
Forex signal Arrow Buy-Sell
Arrow Buy-Sell.rar
compressed file archive 8.1 KB
Scalping System wit Envelopes
Scalping System wit Envelopes
Scalping System wit Envelopes
Scalping System wit Envelopes

scalping system with envelopes

scalping with envelopes
Scalping with Envelopes is an 5min time frame scalping system GBP/USD
scalping with envelopes.rar
compressed file archive 839 Bytes

 

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Comments: 1
  • #1

    Ronald (Thursday, 03 July 2014 06:53)

    Hi there. Thanks for sharing this strategy, but have to say one thing (to 'forexstrategyresources.com'): I used to like this site a lot more when one could still select/copy/paste the text on these pages; then you've changed something and now one has to take screenshots in order to save information for later reference (you probably think you're increasing the traffic to your website by this little trick; hope it works for you).

    As to this strategy: I think for exits, you mean to close trades when price crosses and closes above the upper envelope, not closes below it, right? (and vice versa for shorts).

    Cheers